Tag: FBR
Get the latest FBR news, tax updates, income tax, sales tax, customs, notifications, and policies from the Federal Board of Revenue.
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IMF mission chief holds talks with Pak authorities for new program
ISLAMABAD: IMF mission chief for Pakistan, Ernesto Ramirez-Rigo, visited Islamabad and Karachi during March 26-27, for introductory meetings with the authorities, said a statement on Wednesday. Ramirez-Rigo assumed Pakistan mission chief responsibilities earlier this month. This was his first visit to the country. In Islamabad, Ramirez-Rigo met with the Minister of Finance, Asad Umar, the…
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FBR facilitates return filing on weekly holidays
ISLAMABAD: Federal Board of Revenue (FBR) has made special arrangements for income tax return filing on the last two days of this month falling on Saturday and Sunday (March 30 & 31), which are also last two days for filing deadline. The FBR directed all Large Taxpayers Units (LTUs) and Regional Tax Offices (RTOs) to…
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FBR notifies promotion of 20 IRS officers to BS-19
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified promotion of 20 Inland Revenue Service (IRS) officers to BS-19 from BS-18 with immediate effect. The following BS-18 officers of Inland Revenue Service are promoted to BS-19 on regular basis with immediate effect :- 1. Ms. Kehkshan Khan 2. Mr. Tanveer Iqbal 3. Mr. Rais Humayun…
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FBR promotes Customs officers to BS-19
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday announced promotion of Pakistan Customs Service (PCS) officers from BS-18 to BS-19 with immediate effect. Following officers have been promoted on regular basis with immediate effect :- 1. Nawabzadi Aliya Dilawar Khanji 2. Dr. Salamat Ali 3. Ahmad Affan 4. Muhammad Ali Malik 5. Tahir Abbas 6.…
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FBR freezes 4,000 bank accounts for arrears recovery
KARACHI: Federal Board of Revenue (FBR) has frozen around 4,000 bank accounts of tax defaulters in a major crackdown, according to media reports on Tuesday. These bank accounts have been attached during last three months to recover outstanding amount from tax defaulters. In the major action against tax defaulters the FBR recovered around Rs8.2 billion…
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FBR notifies promotion of IRS officers to BS-22
ISLAMABAD – In a significant development, the Federal Board of Revenue (FBR) announced the promotions of two distinguished officers from the Inland Revenue Service (IRS) to the coveted BS-22 rank.
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FBR suspends customs officer
ISLAMABAD: Federal Board of Revenue (FBR) has suspended an officer Pakistan Customs Service (PCS) BS-16 while taking disciplinary action against him. In a notification issued on Monday, the FBR while exercising powers under Government Servants (Efficiency & Discipline) Rules, 1973, suspended Mansab Shah, Inspector, BS-16, Model Customs Collectorate of Preventive, Lahore with immediate effect for…
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Tax rates for salary, business individuals
KARACHI: Following are the tax rates for individuals under First Schedule of Income Tax Ordinance, 2001. The tax rate as updated through Finance Supplementary (Amendment) Act, 2018 to Income Tax Ordinance, 2001, issued by Federal Board of Revenue (FBR). Rates of tax for individuals (1) The rates of tax imposed on the taxable income of…
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FBR estimates Rs50 billion income tax loss from salary
The Federal Board of Revenue (FBR) has recently presented a comprehensive revenue position to the finance ministry, highlighting an estimated loss of Rs50 billion resulting from the downward revision of tax rates on salary income.
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